The Coca-Cola Company to Refile Hart-Scott-Rodino and Canadian Pre-Merger Notifications
The Coca-Cola Company remains committed to working cooperatively with the FTC and Canadian competition authorities as they conduct their respective reviews of the proposed transactions and continues to expect completion of the transaction in the fourth quarter of 2010.
Aug 2 2010 --- The Coca-Cola Company announced that it has withdrawn and will refile its notification and report forms filed with the Federal Trade Commission (FTC) in order to provide the FTC additional time to review the Company's proposal to acquire Coca-Cola Enterprises' (CCE) North American bottling business. In addition, the Company announced that it has withdrawn and will refile its required notification with the relevant competition authorities in Canada.
The Coca-Cola Company originally filed its required notifications with the FTC and Canadian competition authorities on June 30. Following discussions with the respective staffs of the U.S. and Canadian competition authorities, the Company withdrew its notifications and report forms and will refile them on Aug. 2, in order to allow more time for each agency to review the proposed transaction.
Upon refiling of the notification and report forms, the FTC will have a 30-day period in which to determine whether to issue a Request for Additional Information or close its investigation. Canadian competition authorities will also have a 30-day period for review upon refiling of the required notification.
The Coca-Cola Company remains committed to working cooperatively with the FTC and Canadian competition authorities as they conduct their respective reviews of the proposed transactions and continues to expect completion of the transaction in the fourth quarter of 2010, in line with the timeline originally provided.